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To: Dwainster who wrote (4406)9/30/1999 4:19:00 PM
From: Herschel Rubin  Respond to of 10027
 
As of today's close (Sept 30), all 3rd quarter institutional "window dressing" should be completed.

That means institutions who have been selling NITE (so they don't show losing stocks in their portfolios) will no longer have the Q3 window-dressing motive to sell at these rock bottom prices.

Starting tomorrow (Oct 1st), we may see some buoyancy in NITE as the heavy weight of institutional selling is lifted.

Good luck to all NITE longs.



To: Dwainster who wrote (4406)9/30/1999 4:23:00 PM
From: Gary Korn  Respond to of 10027
 
Can Gary Korn or gbh take care of this for me, please? Back to lurking now!

Dwainster,

Nothing I can do about the stock price, alas, but I can observe that with another 1.2 billion share day and a very strong September behind us, it seems that the stock price ought to catch up with reality at some point.

To make up for prior declines, I've been selling puts at this level. They bring in a good amount of premium and reduce your average cost. Worst case, you get assigned more stock at a lower cost.

Gary Korn